Season 16 Budget Proposal

This is a funding proposal for the Public Goods Funding (PGF) Workstream requesting ratification budgetary funds for Season 16.

TL;DR

In S16 we are shifting our priorities to the grants protocol to ensure success at launch and not risk being torn between prioritizing running a round on c-grants and transitioning partners to the protocol. This will include re-thinking the eligibility policy requirements, designing robust processes, operations, and services to easily scale protocol rounds, all while testing and delivering alpha rounds on the protocol in S16.

In S16 we will prioritize successfully transitioning our partners and grantees to the protocol. To help operationalize this, we will build out a services arm of PGF to further accommodate instances of the protocol with a revenue model to drive toward financial sustainability.

Budget Request

PGF budget request in S16 is 868,750 USD for S16. This amount does not include a re-up of our 60 day reserves, and the full budget breakdown can be found at the end of this post.

Notably the increase in budget request is due to a developer relations budget (requested by GPC for us to take on) that will ensure protocol launch success, a new senior hire as a services lead, and a retreat for core Web3 ecosystem community leaders that have either been key supporters of Gitcoin or key figures in the community to rally around the Grants Protocol launch announcement during EthDenver.

*The GTC total will be adjusted based on the current market value at the time this proposal is moved to Tally. The vote will request the $USD amount in GTC at the lower of the current price or the 20 day moving average.